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Mobile Telesystems (NYSE:MBT) was upgraded by equities researchers at Barclays to an “overweight” rating in a research report issued on Friday, Analyst Ratings News reports.

A number of other firms have also recently commented on MBT. Analysts at Credit Suisse upgraded shares of Mobile Telesystems from an “underperform” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $19.00 price target on the stock, down previously from $20.00. Finally, analysts at Deutsche Bank upgraded shares of Mobile Telesystems from a “hold” rating to a “buy” rating in a research note to investors on Friday, December 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $22.53.

Shares of Mobile Telesystems (NYSE:MBT) opened at 17.81 on Friday. Mobile Telesystems has a 1-year low of $16.77 and a 1-year high of $24.06. The stock has a 50-day moving average of $19.69 and a 200-day moving average of $21.09. The company has a market cap of $17.712 billion and a P/E ratio of 6.79.

Mobile Telesystems (NYSE:MBT) last posted its quarterly earnings results on Tuesday, November 19th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.40 by $0.16. On average, analysts predict that Mobile Telesystems will post $67.01 earnings per share for the current fiscal year.

Mobile TeleSystems OJSC (NYSE:MBT) is a telecommunications provider in Russia and the Commonwealth of Independent States, providing a range of mobile and fixed line voice and data telecommunications services, including transmission, broadband, pay-television and various value-added services, as well as selling equipment and accessories.

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